Personal Exemption Phaseout (PEP) for high-income earners
GPTKB entity
Statements (21)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_law
|
| gptkbp:affects |
taxable income
|
| gptkbp:appliesTo |
head of household
married filing jointly married filing separately single filers high-income taxpayers |
| gptkbp:enactedBy |
gptkb:United_States_federal_government
|
| https://www.w3.org/2000/01/rdf-schema#label |
Personal Exemption Phaseout (PEP) for high-income earners
|
| gptkbp:introducedIn |
1990
|
| gptkbp:maximumPhaseout |
100% of personal exemption
|
| gptkbp:mayReturnAfter |
2025
|
| gptkbp:notApplicableAfter |
2017
|
| gptkbp:phaseoutBeginsAt |
specific AGI thresholds
|
| gptkbp:phaseoutRate |
2% reduction per $2,500 above threshold
|
| gptkbp:reasonForSuspension |
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
2018-2025 |
| gptkbp:reducedPersonalExemption |
yes
|
| gptkbp:relatedTo |
personal exemption
|
| gptkbp:bfsParent |
gptkb:American_Taxpayer_Relief_Act_of_2012
|
| gptkbp:bfsLayer |
5
|